The Equaliser, Hi. Nice to see posters who obviously love their...

The Equaliser, Hi. Nice to see posters who obviously love their stocks - GL to you.

However putting aside the bubbling excitement, the 'gold facts' are.

1. Todays rise 0.01%
2. Year on year rise 2.2%
3. Five year rise - negative 11.7%

(4. But yes 30 day rise is 12.5% - and most people can remember 30 days ago. LOL)

http://goldprice.org/live-gold-price.html

Ask yourself, was todays price action 'friendly support' with the ABY takeover coming to a head ??

After all the acquisition of a large minority stake in ABY gives MLX access to a portion of its unallocated cash. Its a bit like a CR at about 95c - and from yesterdays ann MLX could do with the money.

Will they extend the offer ??  If they do it ties ABY's hands re distribution of cash (I think) but can they get up enough friendlies to maintain support. (Such fun when the cowboys in the wild West are at work.)

My sentiment remains buy, but on good news.